IAS 2 - Inventories. Revised video with solved practical sample

All goods, collectively known as inventories are accounted for under the international accounting standard 2. This video provides all information needed to comprehend the concepts and principles under the standard as well as solving all pragmatic questions pertaining to inventories.
#ICAG #ACCA #financialreporting #SBR #CorporateReporting #AccountingStandards #IAS #IFRS #universities #IAS2 #Inventory

[@vidadogbeda5572]

Thumbs up sir👍✊

[@albertntem9181]

Great piece. Thanks

[@cashesdeyoutuber6166]

Nice ❤️❤️❤️❤️

[@AbakarMalgwi]

God bless you sir

[@judefordjour1831]

Thanks a lot boss

[@saviourastiko8628]

Thanks for the nice presentation

[@saviourastiko8628]

thanks Sir

[@atolomartha2117]

Thanks Sir for explaining this very well 🙏🙏big thanks

[@ronasacademy]

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[@kofisolo2963]

Helpful🔥

[@ronasacademy]

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[@danieldrinkbeer5204]

NICE PRESENTATION

[@ronasacademy]

Glad you liked it

[@cashesdeyoutuber6166]

Very helpful ❤️❤️

[@ronasacademy]

Thanks for feedback.

[@masj5359]

The explanation are super but the writings are not clear to be seen

[@desireamuzu3260]

Nice job

[@ronasacademy]

Thanks!

[@saviourastiko8628]

Production cost. 1800
Transport cost to customer. 300
Future selling cost. 400
Selling price. 2800
What will be the NRV and lower cost

[@ronasacademy]

NRV= 2,800 - 300 - 400 = 2,100
Cost=1,800
The inventory will be measured at 1,800 since is the lower cost. No impairment will be recognize on the inventory since it measured at the cost.

[@jumalenanyokie9522]

Nice contents ❤❤❤❤

[@ronasacademy]

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[@ogechiakandu5420]

Please how do you solve for this?
Santos units(17400) cost per unit(187)
Cracky unit(5800) cost per unit (136)
Jacko limited normally sells santona at 287 per unit and cracky at 240 per unit. Jacko limited expected to incur 77.35 pee unit in selling cost . 34 per units is expected to be incurred to complete cracky. Calculate amount to be stated in the statement of financial position

[@ronasacademy]

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